Silverfin false false 30/06/2023 01/07/2022 30/06/2023 Andrew James Aldridge 01/03/2023 Mark James Brownridge 24/06/2016 Lord Howard Emerson Flight 31/12/2023 01/06/2005 Philip Stephen Hare 14/04/2015 Stephen Jones 06/09/2018 Keith Lassman 05/06/1995 Dr Paul Antony David Mattick 01/03/2023 Paul Munn 01/03/2023 Gillian Roche-Saunders 14/04/2015 Martin William Sherwood 14/11/2006 Christiana Elizabeth Stewart-Lockhart 01/02/2022 11 March 2024 The principal activity of the Company during the financial year was a members' association. 02480430 2023-06-30 02480430 bus:Director1 2023-06-30 02480430 bus:Director2 2023-06-30 02480430 bus:Director3 2023-06-30 02480430 bus:Director4 2023-06-30 02480430 bus:Director5 2023-06-30 02480430 bus:Director6 2023-06-30 02480430 bus:Director7 2023-06-30 02480430 bus:Director8 2023-06-30 02480430 bus:Director9 2023-06-30 02480430 bus:Director10 2023-06-30 02480430 bus:Director11 2023-06-30 02480430 2022-06-30 02480430 core:CurrentFinancialInstruments 2023-06-30 02480430 core:CurrentFinancialInstruments 2022-06-30 02480430 core:RetainedEarningsAccumulatedLosses 2023-06-30 02480430 core:RetainedEarningsAccumulatedLosses 2022-06-30 02480430 core:OtherResidualIntangibleAssets 2022-06-30 02480430 core:OtherResidualIntangibleAssets 2023-06-30 02480430 core:OtherPropertyPlantEquipment 2022-06-30 02480430 core:OtherPropertyPlantEquipment 2023-06-30 02480430 2022-07-01 2023-06-30 02480430 bus:FilletedAccounts 2022-07-01 2023-06-30 02480430 bus:SmallEntities 2022-07-01 2023-06-30 02480430 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 02480430 bus:CompanyLimitedByGuarantee 2022-07-01 2023-06-30 02480430 bus:Director1 2022-07-01 2023-06-30 02480430 bus:Director2 2022-07-01 2023-06-30 02480430 bus:Director3 2022-07-01 2023-06-30 02480430 bus:Director4 2022-07-01 2023-06-30 02480430 bus:Director5 2022-07-01 2023-06-30 02480430 bus:Director6 2022-07-01 2023-06-30 02480430 bus:Director7 2022-07-01 2023-06-30 02480430 bus:Director8 2022-07-01 2023-06-30 02480430 bus:Director9 2022-07-01 2023-06-30 02480430 bus:Director10 2022-07-01 2023-06-30 02480430 bus:Director11 2022-07-01 2023-06-30 02480430 core:OtherResidualIntangibleAssets core:TopRangeValue 2022-07-01 2023-06-30 02480430 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-07-01 2023-06-30 02480430 2021-07-01 2022-06-30 02480430 core:OtherResidualIntangibleAssets 2022-07-01 2023-06-30 02480430 core:OtherPropertyPlantEquipment 2022-07-01 2023-06-30 02480430 core:CurrentFinancialInstruments 2022-07-01 2023-06-30 02480430 1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Company No: 02480430 (England and Wales)

THE EIS ASSOCIATION LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

THE EIS ASSOCIATION LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

THE EIS ASSOCIATION LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2023
THE EIS ASSOCIATION LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2023
DIRECTORS Andrew James Aldridge
Mark James Brownridge
Philip Stephen Hare
Stephen Jones
Keith Lassman
Dr Paul Antony David Mattick
Paul Munn
Gillian Roche-Saunders
Martin William Sherwood
Christiana Elizabeth Stewart-Lockhart
SECRETARY Keith Lassman
REGISTERED OFFICE 1 London Bridge
London
SE1 9BG
United Kingdom
COMPANY NUMBER 02480430 (England and Wales)
CHARTERED ACCOUNTANTS Praxis
1 Poultry
London
EC2R 8EJ
United Kingdom
THE EIS ASSOCIATION LIMITED

BALANCE SHEET

As at 30 June 2023
THE EIS ASSOCIATION LIMITED

BALANCE SHEET (continued)

As at 30 June 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 4,565 6,732
Tangible assets 4 618 1,145
5,183 7,877
Current assets
Debtors 5 23,800 25,359
Cash at bank and in hand 110,419 71,914
134,219 97,273
Creditors: amounts falling due within one year 6 ( 20,012) ( 10,945)
Net current assets 114,207 86,328
Total assets less current liabilities 119,390 94,205
Net assets 119,390 94,205
Reserves
Profit and loss account 119,390 94,205
Total reserves 119,390 94,205

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of The EIS Association Limited (registered number: 02480430) were approved and authorised for issue by the Board of Directors on 11 March 2024. They were signed on its behalf by:

Keith Lassman
Director
THE EIS ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
THE EIS ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The EIS Association Limited (the Company) is a private company, limited by guarantee and not having a share capital. The liability of members is limited to £1.

The Company is incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 London Bridge, London, SE1 9BG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of The EIS Association Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 July 2022 22,440 22,440
Additions 4,102 4,102
At 30 June 2023 26,542 26,542
Accumulated amortisation
At 01 July 2022 15,708 15,708
Charge for the financial year 6,269 6,269
At 30 June 2023 21,977 21,977
Net book value
At 30 June 2023 4,565 4,565
At 30 June 2022 6,732 6,732

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 July 2022 4,263 4,263
At 30 June 2023 4,263 4,263
Accumulated depreciation
At 01 July 2022 3,118 3,118
Charge for the financial year 527 527
At 30 June 2023 3,645 3,645
Net book value
At 30 June 2023 618 618
At 30 June 2022 1,145 1,145

5. Debtors

2023 2022
£ £
Trade debtors 23,800 21,150
Other debtors 0 4,209
23,800 25,359

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 5,849 0
Other taxation and social security 1,749 1,034
Other creditors 12,414 9,911
20,012 10,945

There are no amounts included above in respect of which any security has been given by the small entity.

7. Financial commitments

The Company had no material capital commitments at the year ended 30 June 2023.

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Consultancy costs from a director 21,600 21,600

During the year, one of the directors invoiced and was paid for his services as chairman.

9. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.